Tools & Calculators

Purchase Investments:

+ Products and services may be offered by Royal Bank of Canada or by a separate corporate entity affiliated with Royal Bank of Canada, including but not limited to Royal Mutual Funds Inc., RBC Direct Investing Inc. (Member–Canadian Investor Protection Fund), RBC Global Asset Management Inc., Royal Trust Company or The Royal Trust Corporation of Canada

Interac e-Transfer

Save time, effort, even money

Want to send money to a supplier, employee, or yourself? If you use RBC Royal Bank® Online Banking for Business– and your recipient has a bank account at any Canadian financial institution – you can do this by using Interac‡ e-Transfer

It's easier than cheques, more secure than cash, and costs less than bank drafts. No need for stamps, envelopes or mailboxes.

Key features and benefits

It's SIMPLE. All you need is the recipient's name and email address or mobile phone number. You can also send money to your Facebook friends using your iPhone, iPad or Android device.

It's FAST. Recipients are notified of transfers via email and can deposit the money immediately through online banking. Even if the recipient doesn't use online banking, for an additional fee*, the funds can be deposited into their account within 3 – 5 business days.

It's SECURE. The money is transferred through Online Banking and the Interac network, not by email. The shared security question you create with the recipient means only he or she can access the money you send.

Sending an Interac e-Transfer costs only $1.50 (non-refundable) – less than a bank draft. Receiving and depositing a transfer using RBC Online Banking for Business is free. And you can see current and past transfers on the "Payment History" link found within Pay Bills & Transfer Funds in RBC Online Banking.